LinkBack URL
About LinkBacks
Reply With QuoteWhy take the Lord's name in vain?
http://www.stuff.co.nz/stuff/0,2106,3180482a13,00.html
This can't be true: a liberal, some may say socialist country with low unemployment and good growth? Must be a liberalist lie!Jobless rate may be best in world
08 February 2005
By JAMES WEIR
NZ could become the king of the jobs world this week
Unemployment figures due out on Friday are expected by some economists to hit a low of 3.5 per cent. That would be a better rate than the present record-holder, South Korea, and the best of any developed country.
Unemployment is at present 3.8 per cent, the lowest rate since late 1985. New Zealand is already far better than Australia, which has a rate of 5.7 per cent.
Staff recruitment is becoming harder, according to recent business opinion surveys. Economists say if companies keep hiring as the surveys suggest, job numbers could continue to grow for the next six months.
"Unemployment could threaten 3 per cent," Bank of New Zealand economists say.
Labour cost index figures out today are expected to show mild wage inflation of 2.2 per cent in the past year. Another set of figures, the quarterly employment survey, is expected to show private sector ordinary-time hourly wages to be up slightly to 3.7 per cent in the past year.
The unemployment and wage inflation figures this week are seen as key pointers for the Reserve Bank when it considers if the economy is growing too fast to keep inflation under control.
If the economy has been growing faster than "the speed limit" then interest rates could stay up to cool it down.
Bank of New Zealand economists predicted the unemployment rate for the December quarter would fall to 3.5 per cent, while ANZ Bank was more conservative, forecasting 3.7 per cent.
The figures were expected to show job numbers growing in the December quarter, around 0.4 per cent to 0.6 per cent.
Some forecasters said the economy might keep growing "stronger for longer", creating more jobs. The tight job market might make it hard, however, to find more workers, ANZ said.
Migration is also slowing and could be about 8000 this year, compared with 35,000 in 2003. BNZ said net migration could actually slip to nothing this year, cutting the supply of new workers.
At a rate of 3.7 per cent or less, unemployment would be well below ANZ's best estimate of how low it could go without sparking inflation – 5 per cent.
At the same time, economic growth was expected to slow from about 5 per cent last year to 3 per cent this year. In the past six years the economy has grown an average of 3.8 per cent.
Why take the Lord's name in vain?
It's likely that he doesn't believe in your "lord."Originally Posted by jon_j_rambo
"Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have."
"The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'"
NEVER FORGET
Well, if you don't believe "that God" exists, why would you bother to curse the non-existant?
Its the vernacular, ...man.
Amen...
No man is free until all men are free - John Hossack
I agree completely with this Administration’s goal of a regime change in Iraq-John Kerry
even if that enforcement is mostly at the hands of the United States, a right we retain even if the Security Council fails to act-John Kerry
He may even miscalculate and slide these weapons off to terrorist groups to invite them to be a surrogate to use them against the United States. It’s the miscalculation that poses the greatest threat-John Kerry
Personally, I say good for NZ! Hope you all can keep it going!
No man is free until all men are free - John Hossack
I agree completely with this Administration’s goal of a regime change in Iraq-John Kerry
even if that enforcement is mostly at the hands of the United States, a right we retain even if the Security Council fails to act-John Kerry
He may even miscalculate and slide these weapons off to terrorist groups to invite them to be a surrogate to use them against the United States. It’s the miscalculation that poses the greatest threat-John Kerry
I'm not cursing God, I'm suggesting (sarcastically) that liberals are damned by God.
so do we, and thank you
p.s. the best in world, or should that be 'best in show' is now official
now if we could only get that last 78,000 working....
When you do, you need to find work for the unemployed unemployment councillors
It isn't liberalism that screws up a nation's economy. It's socialism and a command economy. NZ doesn't have a command economy.http://www.stuff.co.nz/stuff/0,2106,3180482a13,00.html
This can't be true: a liberal, some may say socialist country with low unemployment and good growth? Must be a liberalist lie!
Liberalism in the OLD and PROPER sense of the word is a GOOD THING, even for the national economy, because liberalism used to stand for maximum personal freedom and tolerance of others' freedoms and ideals. Well, no longer. It is now a leftist political orthodoxy, and if you have notions of being a free citizen with a tolerance of ideals and political differences, you're not a 'liberal' in the modern sense. Liberalism has been co-opted and is now used to mean left-of-political-center.
And Lefties usually have unworkable notions about economic policy, and THAT is when we come back around to liberals (modern meaning) driving their countries' economies into the ditch.
So, NO, NZ is NOT a good example of a 'socialist' country whose economy is booming. If the state takes on more characteristics of a command economy, well, then...get in the unemployment line now to beat the rush. Oh, and don't worry about saving some money for the inevitable rainy day (and the 'rain' will come to ANY centrally-planned economy), because it will devalue into nothing right in front of your eyes.
Here's a clue about when to watch out for economic snake oil: if the politician trying to sell it to you uses the "F"-word: FAIR. If he says something is FAIR, it won't be, and in the process of allowing a certain group to steal from another group, everybody will get poorer. If he uses the word EQUAL, he should be talking about OPPORTUNITY, NOT the RESULT. There will never be equal results for all people, but if the government has ensured equal opportunity, they've done the only job the government is any dam' good at, vis-a-vis the economy.
The only way to ensure the 'correct' distribution of wealth is through the "MF"-word: MARKET FORCES. In a properly-run economy, the government's role should be the ensure that there is no cheating by the powerful or the unscrupulous, and that is basically ALL THEY SHOULD DO. CONTRACT LAW is really at the heart of any economy's efficiency, and one of the concepts that a liberal (modern meaning) hates: PROPERTY RIGHTS.
So, hands off the economic steering wheel, liberals, and the car will drive itself.
"The quickest way of ending a war is to lose it, and if one finds the prospect of a long war intolerable, it is natural to disbelieve in the possibility of victory."
- George Orwell
It's allways something, isn't it.When you do, you need to find work for the unemployed unemployment councillors
No man is free until all men are free - John Hossack
I agree completely with this Administration’s goal of a regime change in Iraq-John Kerry
even if that enforcement is mostly at the hands of the United States, a right we retain even if the Security Council fails to act-John Kerry
He may even miscalculate and slide these weapons off to terrorist groups to invite them to be a surrogate to use them against the United States. It’s the miscalculation that poses the greatest threat-John Kerry
hee hee heeIt's allways something, isn't it.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Share this thread with friends: